REG - Geo Exploration Ltd - Juno Project - Commencement of Maiden Drill

GEO ExplorationAnnouncement

02/09/2025 07:00

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RNS Number : 5469X  Geo Exploration Limited  02 September 2025

 2 September 2025

 GEO Exploration Limited

 ("GEO " or the "Company")
 Juno Project - Commencement of Maiden Drilling Programme

 Key Highlights:

 - Maiden drilling programme commences at the Juno Project with the first hole
 JUD001

 - Major milestone for GEO - expedited and prioritised to commence drilling at
 the earliest opportunity

 - GEO technical team on site alongside DDH1, with mobilisation and preparation
 successfully completed

 - JUD001 drilling to depths of up to 1,000m, targeting a large IRGS precious
 and base metal system defined by integrated geophysical modelling and
 geophysics

 GEO Exploration Limited (LSE AIM: GEO is pleased to announce the commencement
 of its maiden diamond drilling programme at the Juno Project, located in
 Western Australia. The programme has commenced with the first drill hole
 JUD001.

 This marks a significant operational milestone for the Company, following
 successful mobilisation of equipment and site preparation. GEO's technical
 team is on site and working in collaboration with DDH1 Drilling Pty Ltd
 ("DDH1"), Australia's leading diamond drilling contractor. All activities are
 being conducted in accordance with rigorous safety protocols and operational
 standards.

 The drilling programme tests a 4 km × 2 km geophysical target interpreted as
 an Intrusion-Related Gold System (IRGS), defined through integrated 3D gravity
 and magnetic modelling, and further refined by Induced Polarisation (IP) and
 Electromagnetic (EM) survey data. Initial drilling will reach depths of up to
 1,000 metres, with a phased approach designed to incorporate geological
 results into ongoing targeting.

 The Juno Project has been benchmarked against early-stage exploration efforts
 at the Havieron gold-copper deposit, which led to one of Australia's most
 significant finds of recent times. Based on current geophysical modelling and
 interpretation, GEO believes the Juno target may represent a mineralised
 system larger than Havieron.

 The Company will provide further updates as drilling progresses, including
 media from the drill site and commentary following a scheduled site visit by
 GEO's Joint Venture partner Callum Baxter and Non-Executive Director Brian
 Chu.

 Callum Baxter, GEO's JV Partner, commented:

 "I am pleased we have rapidly collected the required geophysical data sets
 resulting in successful modelling and drill targeting at Juno. We have now
 commenced the Company's maiden drill programme at Juno with hole JUD001 now
 underway. Collaboratively, we are working alongside DDH1 to safely and
 efficiently test the large IRGS precious and base metal target, where we will
 integrate new data into our ongoing exploration efforts."

 Omar Ahmad, CEO of GEO Exploration Limited, commented:

 "Our maiden drill has officially commenced at Juno Project with JUD001, which
 represents a historic milestone for the Company. Based on preliminary
 geophysical modelling and interpretation, we believe the Juno Project could
 represent a mineralised system potentially four to five times the scale of
 Havieron. We are chasing a very large system which could be a generational
 discovery if successful. I'm personally excited by what this phase could
 unlock - both in terms of geological discovery and the potential to deliver a
 significant uplift in shareholder value."

Figure 1 - Drilling Underway JUD001

Figure 2 - JUD001 Drill Site Support Equipment

Figure 3 - JUD001 Drill Equipment Underway

 The information contained within this announcement is deemed by the Company to
 constitute inside information under the UK Market Abuse Regulations ("MAR").
 Upon the publication of this announcement via a Regulatory Information Service
 ("RIS"), this inside information is now considered to be in the public domain.

 For further information please visit: www.geoexplorationlimited.com
 (http://www.geoexplorationlimited.com) or contact:

 GEO Exploration Limited                                                     investors@geoexpltd.com

 Hamza Choudhry, CFO and Executive Director

 SPARK Advisory Partners Limited (Nominated Adviser)                         +44 (0) 20 3368 3555

 Andrew Emmott, Jade Bayat

 CMC Markets (Joint Broker)                                                  +44 (0) 20 3003 8632

 Douglas Crippen

 SI Capital Limited (Joint Broker)                                           +44 (0) 14 8341 3500

 Nick Emerson

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 This announcement has been issued by and is the sole responsibility of the
 Company.

 

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